English, Article, Journal or magazine article edition: Panel Data Stochastic Convergence Analysis of the Mexican Regions Josep Lluís Carrion-i-Silvestre; Vicente German-Soto

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Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Panel Data Stochastic Convergence Analysis of the Mexican Regions
Author
  • Josep Lluís Carrion-i-Silvestre
  • Vicente German-Soto
Physical Description
  • preprint
Notes
  • The stochastic convergence amongst Mexican Federal entities is analyzed in panel data framework. The joint consideration of cross-section dependence and multiple structural breaks is required to ensure that the statistical inference is based on statistics with good statistical properties. Once these features are accounted for, evidence in favour of stochastic convergence is found. Since stochastic convergence is a necessary, yet insufficient condition for convergence as predicted by economic growth models, the paper also investigates whether beta-convergence process has taken place. We found that the Mexican states have followed either heterogeneous convergence patterns or divergence process throughout the analyzed period.
  • Stochastic convergence, beta-convergence, non-stationarity panel data tests, cross-section dependence, multiple structural breaks.
  • RePEc:ira:wpaper:200805
Language
  • English
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